Essentra

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Essentra
Public
Traded as LSEESNT
Industry Plastic products
Founded 1940s
Headquarters Milton Keynes, Buckinghamshire, UK
Key people
Paul Lester, Chairman
Paul Forman, CEO
Revenue £998.5 million (2016)[1]
£(50.0) million (2016)[1]
£(39.6) million (2016)[1]
Website www.essentra.com

Essentra PLC is a supplier of plastic and fibre products. The company operates internationally from headquarters in Milton Keynes, Buckinghamshire. It is listed on the London Stock Exchange and is a constituent of the FTSE 250 Index.

History

The company was established in Jarrow in the 1940s as the Fibres division of Bunzl.[2] In 1955 it acquired Moss Plastics, a plastic products manufacturer,[3] in 1994 MSI Oilfield Products, a pipe protection business,[2] and in 1996 it bought Payne, a manufacturer of tear tapes.[2]

In 1997 the Bunzl Fibres division bought Filtrona Corporation, a US filter technology specialist which it had demerged in 1984.[4] At this time the Filtrona name was adopted for the enlarged Bunzl Fibres business. The company bought Enitor, a Dutch extruder business, in 1998[2] and Skiffy Group, a Dutch nylon parts business in 2004.[2]

The company was demerged from Bunzl in 2005.[5] It went on to buy Duraco, a US adhesive coated products business in 2007. In 2008, the company purchased Lendell Manufacturing, a foam manufacturer. The foam and fiber businesses were combined into a new division and named Filtrona Porous Technologies.[2]

On 26 June 2013, the company formally rebranded to Essentra plc.[6][7] Then-Chief Executive, Colin Day said that the company chose the name Essentra “to capture what each of Filtrona’s businesses manufacture and supply: small but essential key components that play critical roles for our customers”.[8] On 31 October 2016, Essentra announced that Paul Forman would succeed Day as Chief executive, effective 1 January 2017.[9]

Operations

The company is organised as follows:[10]

  • Components Solutions
  • Specialist Components
  • Packaging
  • Filter Products

References

  1. ^ a b c "Annual Results 2016" (PDF). Essentra. Retrieved 21 April 2017. 
  2. ^ a b c d e f "Essentra PLC - History". essentra.com. Archived from the original on 25 March 2015. Retrieved 28 March 2015. 
  3. ^ "About Essentra Components Americas". mossplastics.com. Retrieved 28 March 2015. 
  4. ^ "Bunzl of Britain To Buy Filtrona". 4 July 1997. 
  5. ^ "TalkTalk". talktalk.co.uk. Retrieved 28 March 2015. 
  6. ^ "Filtrona highlights diversification with name change to Essentra". Financial Times. 
  7. ^ "Formal Re-branding to Essentra Plc" (PDF). Archived from the original (PDF) on 2013-10-16. 
  8. ^ "Filtrona faces re-branding test". Financial Times. 
  9. ^ "Appointment of New Chief Executive". Essentra. Retrieved 30 December 2016. 
  10. ^ "Essentra PLC - Distribution". essentra.com. Archived from the original on 27 December 2014. Retrieved 28 March 2015. 

External links

  • Official Site
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